Ever since I joined this forum, posters have stressed annual budgets. And I have ignored them, mainly because a lot of the totals every year reflect contracts proffered by former CBOs signed by players either retired, useless because of injury, or on other teams that were subsidized by Boston to take them.
As a fan, when it comes to my club spending, I'm only concerned each year about who the CBO signs or extends in that particular year. Some might call that impractical, while others might say worrying about the future is even more impractical.
And I totally agree with you that Henry's CBO the past five years did not spend wisely -- underspending on needs, overspending on busts, and just spending time doing anything but using valuable trade resources to improve the Red Sox.